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What our users say:

Based on 322 reviews
June 5
Awesome work
wow what an awesome rep. He did up everything, extremely fast and was very under...
Delroy Paul
June 4
It was a pleasure dealing with your…
It was a pleasure dealing with your broker, it made switching insurance companie...
Michael Sheridan
May 27
Excellent customer service
This is the first time I got insurances from Direct Rate.I have nothing but good...
Tejas Patel
May 26
Quick service
Quick service, good price
May 22
Imad Harrouk was great !
Imad Harrouk was great ! intelligent well spoken professional polite a perso...
james bannon
May 21
Imad Harrouk helped me get the best…
Imad Harrouk helped me get the best home and auto bundle insurance quote. He was...
Amanda Moskowitz
May 20
Excellent !!! Very competitive rates !!
Excellent customer services also they have very competitive rates !!
Eliza Gallant
May 20
Excellent Service
Sonia was patient with all of my questions, helpful and cheerful through the ent...
Cori Thompson
May 20
Imad Harrouk helped us with getting a…
Imad Harrouk helped us with getting a car insurance quote. He was very friendly ...
May 18
I was treated fairly and walked through…
I was treated fairly and walked through my purchase.I enjoyed the agent was exce...
paul neville
May 17
Highly Recommended !
I spoke with Mr. Imad Harrouk of DirectRate for quotes on my car and condo insur...
May 14
Highly recommend
Great experience, simple to use and they gave me a lot of options at prices that...
Chandra Wilson
May 13
Amazing service
Amazing service, Sonia is patient and helpful. Can not complain. I am happy with...
Miroslav Adalbert Elias
May 12
Meghan Ford helped me and she was…
Meghan Ford helped me and she was amazing. I saved $160/month between home and a...
May 11
Easy, clear and fast. Very effective.
Rene Izquierdo de la Cruz
May 6
Sonia was very helpful and nice…
Sonia was very helpful and nice throughout the whole process. She got me the bes...
Ali Al-Rubayee
May 6
Very friendly and professional
Very friendly and professional. She always try to help. Really appreciate.
Binod Shrestha
May 5
He was so amazing
He was so amazing. He went out his way to help me. He deserves a raise Very po...
Shahin Abbaskhan
April 27
Great rates!
Ryan was very helpful and polite.He went all out to find me the best rate. He wa...
Linda Shelton
April 22
The service was excellent
The service was excellent. Emad provided awesome service for me.
John Bowden
April 19
Fast and professional customer service
Fast and professional customer service. All of my questions were answered and I...
April 16
Chelsea was very helpful and a pleasant…
Chelsea was very helpful and a pleasant person to deal with.
Keith Tarala
April 16
simple quick and easy
simple, quick and easy
tony palumbo

How it works. Hint: It's free!

  1. Enter your information.
  2. Get matched with a dealership and get approved for a loan.
  3. Choose a vehicle from the dealership offering you a loan.

Get approved for a car loan in New Brunswick. Just like that.

You just need a reliable way to get around in New Brunswick. We just want to help. That's why we made it easy for you to get the financing you need to buy a car.

We can help you even if you have:

  • Bad credit.
  • No credit.
  • Good credit.
  • Late payments.
  • Repossession.
  • Collections.
  • A bankruptcy.
  • A divorce.
  • New Canadian status.

New Brunswick car loans made easy.

We’re proud of the car loan service we offer. Here’s why applying for a car loan online through is the better way.

Your New Brunswick car loan questions, answered.

Does only work with specific car dealers in New Brunswick?

Yes. We work with an exclusive network of lenders and dealers who specialize in financing for Canadians who don't have great credit. So even if you have bad credit or no credit history at all, we can match you with a dealer nearby and help you get approved for a loan.

How much tax do I need to pay on a car purchased in New Brunswick?

Currently, the sales tax (HST) on vehicles in New Brunswick is 13%. In July 2016, the HST rate is increasing to 15%, the highest rate in Canada.

How is the interest rate on my car loan calculated?

We leave that up to the dealer offering you the loan. Usually, your rate is based on a number of different factors, like your credit, income level, employment history, and loan amount.

Should I choose a long car loan term or a short car loan term?

It depends on the current state of your finances.

Your monthly payments are larger with a short car loan, so you can pay off your loan faster and save money on interest. The bad news is that not everyone can afford those big monthly payments.

In contrast, longer car loans give you more time to pay off your principal balance, which means your monthly payments are cheaper and easier to budget for. Unfortunately, that also means you end up paying more interest in the long run.

So here's a summary: If you can afford larger monthly payments, choose a short loan. If you need to break your loan into smaller, more manageable chunks, opt for a longer loan. Check out our graph below to see what your monthly payments might look like on an $8,000 car loan at 8% interest.

Monthly payments on a $8,000 car loan (at 8% interest)

Length of car loanCar loan payment
24 months$362
36 months$251
48 months$195
60 months$162
72 months$140
84 months$125
96 months$113

About our auto loan network.

  • It's nationwide, servicing all provinces.
  • It's a free, fully secure, no obligation loan service.
  • It provides car loans that range from $5,000 – $40,000.
  • It offers market competitive interest rates, speedy approvals, and affordable payments.
  • It boasts a 100% acceptance rate, even if you have no credit or bad credit.

New Brunswick car loan tips

Know your budget

Secure your car loan before you start shopping for a vehicle. You'll have a better sense of which cars you can realistically afford once you know your car-buying budget.

Research before you buy

Read up on the insurance rankings, safety features, and security add-ons associated with any vehicle you're interested in before you buy it. If you're looking at a used car, use the vehicle identification number (VIN) to check the car's history and to find out if it's been in any reported accidents.

Find out if you qualify for an HST tax credit

New Brunswick families and individuals with an annual income of $35,000 or less may qualify for a full HST credit. If you're eligible, you'll receive your first tax credit payment in October 2016. Factor this credit into your monthly budget if you plan on buying a new or used car soon.

Go for a test drive

Always take a car for a test drive before you purchase it. And don't be shy. Drive the vehicle at different speeds and on a variety of roads.

Understand your total financing costs

To calculate the actual cost of your new or used vehicle, consider your loan amount, what interest rate the dealer is offering, and how long your loan term is. Remember: you pay more interest on a longer car loan, and your car depreciates in value as the years go by.

New Brunswick car loan facts

  1. With over 9,400 cars and trucks sold between January 2016 and March 2016, new car sales in New Brunswick have hit their highest level in almost 40 years. In March alone, New Brunswick residents bought a whopping 4,136 vehicles.
  2. New Brunswick may be a small province, but it's home to over 80 auto dealerships. So whether you live in Moncton, Saint John, or Fredericton, you'll have no problem finding a dealer nearby.
  3. The Regent Street overpass is down for the summer, from June 1, 2016 to August 31, 2016. That means Fredericton drivers should expect longer commute times, more mileage, and more wear and tear on their vehicles.
  4. New Brunswick drivers like bigger vehicles. In fact, SUVs and trucks have accounted for more than two-thirds of all new car sales in the province in 2016.

New Brunswick car loan myths

  1. You have 30 days to return your used car and get a full refund. False. According to the Financial and Consumer Services Commission, there's no return policy on used car purchases. That's why you need to thoroughly test drive and inspect any vehicle you're considering buying.
  2. You don't need to do a vehicle inspection if you buy a car through a dealer. False. Many New Brunswick dealerships will perform motor vehicle inspections themselves, but it's good practice to have another, independent mechanic inspect your vehicle again. You can also ask the dealer for a copy of the service record if you want to verify that an inspection was completed.
  3. The Consumer Product Warranty and Liability Act protects consumers who buy used cars through private sellers. False. You're only protected by the rights outlined in the Consumer Product Warranty and Liability Act if you buy a car from a registered dealer in New Brunswick.

Car loan news

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